Uganda: Technical Assistance Report-Implementing the Public Financial Management Bill
September 15, 2017
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This Technical Assistance Report discusses recommendations for implementing the Public Financial Management (PFM) Bill in Uganda. The finalization of the PFM Bill has reached an advanced stage with Parliamentary approval expected in the coming months. The IMF mission strongly recommends that the petroleum revenue management provisions in the Bill are revisited. In particular this should include clearly defining the nature of the funds and its objectives. The reporting arrangements should also be clarified and the specialist audit arrangements specified. Finally, the Bill should be enhanced to ensure that investment risks are limited and to protect against its use as a development fund.
Subject: Budget planning and preparation, Commodities, Fiscal accounting and reporting, Oil, Public financial management (PFM), Treasury Single Account
Keywords: aggregate TSA balance, Budget planning and preparation, CR, draft Bill, Fiscal accounting and reporting, fund, government, ISCR, Oil, petroleum revenue, Petroleum revenue, PFM Bill, project fund, Public Financial management Bill, revenue, revenue collection, rule, Treasury Single Account, TSA arrangement, TSA design, TSA head account, TSA principle, TSA structure
Pages:
72
Volume:
2017
DOI:
Issue:
266
Series:
Country Report No. 2017/266
Stock No:
1UGAEA2017005
ISBN:
9781484317723
ISSN:
1934-7685
